FM Nirmala Sitharaman with T Raja Kumar, former FATF President (Photo: X/@FinMinIndia)
Finance Minister Nirmala Sitharaman met former Financial Action Task Force (FATF) President T Raja Kumar in Singapore as the second round of the India-Singapore Ministerial Roundtable (ISMR) is set to begin on Monday.
The discussion highlighted the strong partnership between India and the FATF, focusing on past collaborations and future strategies.
The Ministry of Finance took to X and posted, “Union Finance Minister Smt. @nsitharaman met former FATF President Mr. T. Raja Kumar, in Singapore, today. The Union Finance Minister congratulated Mr. Raja Kumar for completing a successful tenure as the President of FATF @FATFNews . FM Smt. @nsitharaman appreciated Mr. Raja Kumar for his fair conduct of FATF proceedings during discussions and adoption of India’s Mutual Evaluation Report. They also exchanged views about the future of FATF and India’s role in the FATF.”
FM Sitharaman’s congratulatory message to Raja Kumar was a testament to his leadership and the constructive role he played during his tenure.
The FATF, an intergovernmental organization aimed at combating money laundering and terrorist financing, has been instrumental in shaping global financial regulations.
India’s Mutual Evaluation Report, which was adopted under Kumar’s presidency, is a document assessing the effectiveness of the country’s anti-money laundering and counter-terrorism financing measures.
The meeting also served as a platform for discussing the future direction of the FATF and India’s role within the organization.
With evolving global financial landscapes and emerging challenges, India’s active participation in the FATF remains pivotal in strengthening international financial systems.
As the ISMR begins today, this meeting highlights the ongoing efforts of both nations to enhance their economic cooperation and address global financial issues collaboratively.
The India-Singapore Ministerial Roundtable is expected to foster further dialogue and strategic partnerships between the two countries, with a focus on mutual growth and development.
The 14th meeting of ASEAN Defence Ministers' Meeting-Plus (ADMM-Plus) Experts Working Group (EWG) on Counter-Terrorism…
Over the past five years, approximately 1.8 million women in Pakistan have fallen victim to…
Union Minister Ashwini Vaishnaw on Saturday thanked the states for success of the electronic industry,…
The United States has announced a new visa restriction policy targeting foreign government officials involved…
The Iraqi Prime Minister said that personnel of the country's national intelligence service, working with…
SpaceX and NASA have launched a mission to bring back US astronauts Sunita Williams and…